Brisbane house prices likely to DOUBLE as tens of thousands flock to Queensland to escape lockdowns
Published: 18/09/2021
House prices
Brisbane’s median house price of $678,000 is less than half of Sydney’s and on par with that for Adelaide and Hobart. Yet by the time the 2032 Olympic Games come to town, the figure is likely to be $1.5 million.
Annastacia Palaszczuk’s claim thatQueensland is in danger of being ‘loved to death’ is no throw away line.
More than 30,000 Australians relocated to the Sunshine State in 2020, a 15-year high.
In the three months to last December, almost 5000 moved north just from Sydney and Melbourne.
With a population of roughly 3.7 million, Queensland’s southeast corner is already the nation’s fastest-growing zone.
Forecasts suggest it will top five million by the middle of the next decade.